Forging a New Economics

 

This 1991 conference featured Gaylord Nelson, John Cobb, Jr. and Herman Daly, all pioneers in the effort to replace economists' mindless focus on GNP as a measure of the health of a community by a new ethic and a new economics, in which the community can provide a good life for its members while respecting the environment and preserving natural resources for future generations.

 

Although no materials from the conference are available, the ideas are developed in a now well-known book by Daly and Cobb, "For The Common Good, Redirecting the Economy toward Community, the Environment, and a Sustainable Future", Herman E. Daly and John B. Cobb, Jr., (Beacon Press 1989 and 1994).

 

Senator Nelson's legacy survives in landmark federal environmental legislation dealing with preservation of wilderness areas and protection of wild rivers.  He is the founder of Earth Day.